The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-12-24
BUSINESS QUITE ACTIVE.
DUN 81 CO.'S REPORTS GENERALLY
SATISFACTORY.

Currency in Good Supply Speculation
Less Active-The Iron Trade Unset
tled-The Boot and Shoe Trade Doing
Well-Payments of Interest on Mort
cages Pretty Prompt.
New YORK, Dec. Or. G.. Dun & Co.'s
review of trade for the week says: "Busi-
ness throughout the country is active for
this season, and though collections at soma
points are slow and credits are strained, re-
ports are generally satisfactory. But un-
certainty and hesitation affect important
branches Of production, and the industrial
outlook does not improve Currency is
generally in good supply, even where
payments are slowest and cred
Its most strained Speculation
has been less active, and the general level
OF prices, though higher than week ago
in most speculative markets, has advanced
1873 per cent, with the tendency still up
ward, while the. average advance in all
other prices has been 66 per cent, with
the late tendency downward These facts
Indicate activity in trading rather than
satisfactory relations OF supply and demand.
THE IRON TRADE.
THE iron trade is unsettled, with sales of
several thousand tons of Birmingham pig
here, while at Philadelphia offers of 81
below the market are noted.
"Sales of 10000 tons of steel rails have
been made during the week, and generally
at terms netting between $31 and $32
Bar iron is weaker, and the tendency to
shrinkage in the demand appears not only
in crude but in many manufactured forms
of iron and steel.
"Wool is dull and prices range from 10 to
Is per cent. below that of May last, not
withstanding the decrease In imports, and
home production, which thows a curtail-
ment of manufacture.
"Cottons are firm at the recent advances.
and in good demand for the season. print
cloth having this week risen TO 321S bid, but
continued large supplies caused raw cotton
to recede &c.
BOOTS AND SHOES
"The boot and shoe business is doing we'll.
and it is noticed that purchasers are al.
ready hurrying up their orders, while the
leather trade improves slightly, If at all
''The Lehigh coal strike continues, and
the consequent financial strain Is in some
quarters severe. Reading has decided not
to continue the late advance in wages.
Several manufacturing establishments
have closed for the present, among them the
great Edgar Thompson works, and the re,
pairs usual at this season are likely to con-
tinue longer than usual, II the markets do
NOT change.
"On the other hand, the distribution of
groceries is noticed in all sections as unus-
uaiiy large, and the trade in holiday goods
is unusually large. AT the West the
weather ia noticed as causing dullness in
some branches, but the general volume OF
trade shown in bank clearings outside this
city, IS evenn now fully as large as last years
at this period.
STOCKS HIGHER.
"Notwithstandinv the exnectad Raadiro
strike, stocks have averaged n fractio5
bigber than vaek ago h1,t the aarLat
has been exceedingly dnll
"Wheet has risen 1i[c oi1 Az, coffaa
1llc.. with better distribution: and hogs
&c and porlx 25c. per barrel The sugar
nnarlyet shows no cbanoe thonob the Toris-
lana cron is now Reported fillIv i00 OO)
hoosbeads larger than last vear's